Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,203$14,436 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Montcalm County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Montcalm County, MI
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $829 | $9,948 | $33,160 | $15.94/hr |
| 1-Bedroom Apartment | $1,016 | $12,192 | $40,640 | $19.54/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,203 | $14,436 | $48,120 | $23.13/hr |
| 3-Bedroom Home | $1,473 | $17,676 | $58,920 | $28.33/hr |
| 4-Bedroom Home | $1,593 | $19,116 | $63,720 | $30.63/hr |
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Frequently Asked Questions About Rent in Montcalm County, MI
What is the Fair Market Rent for a 2-bedroom in Montcalm County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Montcalm County, MI is $1,203 per month ($14,436 per year).
What hourly wage is needed to afford rent in Montcalm County, MI?
To comfortably afford a 2-bedroom apartment at $1,203/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.13 per hour ($48,120/year).
What are the HUD Fair Market Rents by bedroom count in Montcalm County, MI?
Official 2026 HUD rents in Montcalm County, MI are: Studio: $829/mo, 1-Bedroom: $1,016/mo, 2-Bedroom: $1,203/mo, 3-Bedroom: $1,473/mo, and 4-Bedroom: $1,593/mo.
How do HUD Fair Market Rents compare to local incomes in Montcalm County, MI?
At the local Census ACS median household income of $67,344/year ($5,612/month), the benchmark 2-bedroom Fair Market Rent represents 21.4% of monthly income.
How is the 30% housing affordability standard calculated in Montcalm County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,203/month, the required minimum annual gross income is calculated as ($1,203 × 12) ÷ 0.30 = $48,120 per year.